Fresh rate cut fears send ASX lower
Booking a four-day losing streak, the sharemarket fell to close out the week after investors were rattled by hotter-than-expected services and manufacturing data.
Breaking News
‘Crucial’: Google unveils bold plan
Plans for a lengthy fibre optic cable from Kenya to the west coast of Australia have been unveiled.
Hawkish Fed minutes drives metal sell-off
With Federal Reserve officials indicating interest rates will likely remain higher for longer, investors took profits in commodities on Thursday.
‘Little left to squeeze’: Power price warning
The energy regulator has announced lower price caps to reduce bills for many consumers from July 1, but the industry has raised concerns.
More Stories
Crown back in hot water over scandal
The man leading the probe into whether Crown should retain a gaming licence is concerned the casino giant’s promised reforms may be ‘half-hearted’.
Bank’s $10m lifeline for flood victims
The nation’s second largest bank will commit $10m in flood relief to customers affected by the recent east coast superstorm.
How flood victims can access $2000 grant
Customers at one of the nation’s big banks who have been impacted by the floods can access a $2000 grant as part of a multi-million-dollar relief fund.
Cashed-up retailer is keeping JobKeeper
A major retail conglomerate has posted a massive profit boost but won’t return more than $15m in JobKeeper payments for this reason.
Wind up not advised for Grocon
Grocon administrators have revealed the construction group was insolvent since February 2019 but advised against putting it into liquidation.
ASX flat, gig work firm in stellar debut
The ASX was barely changed on Tuesday but all eyes were on this year’s third biggest float, a gig economy marketplace that leapt almost 80 per cent.
Retailer keeps JobKeeper despite sales surge
Rip Curl owner Kathmandu is hanging on to substantial JobKeeper payments despite riding the wave of a COVID-related leisure trend.
Why Crown Resorts appeals to US bidder
The multi-billion-dollar takeover bid for beleaguered casino giant Crown may seem puzzling at first. But there’s some compelling reasons for the move.
How shoppers can support flood relief
One of the nation’s largest supermarkets has made a significant donation to support flood relief and has unveiled a way shoppers can help too.
Gym owner sues over Victorian lockdown
A Victorian gym owner has launched legal action against his insurer for being refused compensation for COVID-19 shutdowns.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/191